SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sets New 12-Month Low – Here’s What Happened

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) reached a new 52-week low during trading on Thursday . The company traded as low as $18.56 and last traded at $18.57, with a volume of 844087 shares changing hands. The stock had previously closed at $18.58.

SPDR Bloomberg 1-10 Year TIPS ETF Trading Down 0.1%

The stock has a fifty day simple moving average of $18.70 and a 200-day simple moving average of $19.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Truist Financial Corp grew its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 1.1% during the fourth quarter. Truist Financial Corp now owns 55,781 shares of the company’s stock valued at $1,064,000 after purchasing an additional 624 shares during the period. Sigma Planning Corp boosted its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 4.5% during the first quarter. Sigma Planning Corp now owns 19,733 shares of the company’s stock worth $379,000 after purchasing an additional 847 shares in the last quarter. PCB Capital LLC grew its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 7.4% in the 1st quarter. PCB Capital LLC now owns 13,751 shares of the company’s stock valued at $264,000 after buying an additional 949 shares during the period. RFG Advisory LLC grew its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 4.9% in the 1st quarter. RFG Advisory LLC now owns 23,138 shares of the company’s stock valued at $444,000 after buying an additional 1,078 shares during the period. Finally, Axxcess Wealth Management LLC increased its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 3.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 34,846 shares of the company’s stock valued at $665,000 after buying an additional 1,107 shares in the last quarter.

About SPDR Bloomberg 1-10 Year TIPS ETF

The SPDR Bloomberg 1-10 Year TIPS ETF (TIPX) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of 1-10 years US Treasury Inflation-Protected Securities (TIPS). TIPX was launched on May 29, 2013 and is managed by State Street.